Monthly Archives: July 2017

AUD/USD: Aussie Dollar trading on a stronger footing this morning

Posted on July 25, 2017 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.13% against the USD and closed at 0.7925. Yesterday, the IMF slightly upgraded China’s growth forecast to 6.7% for 2017, up from 6.6% estimated earlier. LME Copper prices … Continue reading →

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USD/CAD: IMF forecasted stronger economic growth for Canada in 2017

Posted on July 25, 2017 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.3% against the CAD and closed at 1.2510. Yesterday, the IMF raised its growth outlook for Canadian economy, now expecting it to grow by 2.5% in 2017, up … Continue reading →

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USD/CHF: Swiss Franc reverses its losses in the Asian session

Posted on July 25, 2017 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CHF and closed at 0.9472. In economic news, Switzerland’s total sight deposits rose to a level of CHF579.1 billion in the week ended 21 July, … Continue reading →

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USD/JPY: IMF slightly revised up Japan’s growth forecast for 2017

Posted on July 25, 2017 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.22% against the JPY and closed at 111.17. Yesterday, the IMF stated that it expects Japanese economy to expand by 1.3% this year, buoyed by stronger private consumption, … Continue reading →

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GBP/USD: IMF lowered Britain’s 2017 growth forecasts amid tepid first quarter growth

Posted on July 25, 2017 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.11% against the USD and closed at 1.3023. Yesterday, the IMF slashed Britain’s growth forecast for 2017 by 0.3% to 1.7%, factoring in a weaker-than-expected first quarter economic … Continue reading →

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EUR/USD: Manufacturing sector across the Euro-zone grew at its slowest pace in 3 months in July

Posted on July 25, 2017 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.26% against the USD and closed at 1.1640, after data indicated that manufacturing sector growth across the Euro-zone moderated at the start of the third quarter. The Euro-zone’s … Continue reading →

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Trading Signals as per 24-July-2017

Posted on July 24, 2017 by GCI Financial

Pair Action Status Stop Loss Take Profit EUR/USD SELL Active 1.1682 1.1622 USD/JPY BUY Active 110.58 111.18 USD/CAD BUY Active 1.2498 1.2558 AUD/USD SELL Active 0.7982 0.7932 EUR/JPY SELL Active 129.42 128.72 Additional Forex Trading Signals: MetaTrader: Visit www.mql5.com/en/signals/mt4 to select from many … Continue reading →

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Crude Oil: Oil trading on a stronger footing, ahead of OPEC’s meeting

Posted on July 24, 2017 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.6% against the USD and closed at USD45.69 per barrel on Friday, as reports of an increase in OPEC’s crude production in July weighed on investor sentiment. … Continue reading →

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Silver: White metal reverses its gains in the morning session

Posted on July 24, 2017 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 1.14% against the USD and closed at USD16.48 per ounce on Friday, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 16.44, … Continue reading →

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Gold: Yellow metal trading lower in the Asian session

Posted on July 24, 2017 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.87% against the USD and closed at USD1261.30 per ounce on Friday, as weakness in the greenback and decline in global equities boosted demand for the precious yellow metal. … Continue reading →

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AUD/USD: Aussie Dollar trading higher in the morning session

Posted on July 24, 2017 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.44% against the USD and closed at 0.7916 on Friday. LME Copper prices rose 1.2% or $71.5/MT to $6001.5/MT. Aluminium prices rose 0.2% or $3.0/MT to $1901.0/MT. In … Continue reading →

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